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To: Boplicity who wrote (3122)7/27/2000 4:47:33 PM
From: hivemind  Read Replies (1) | Respond to of 13572
 
For once I am lucky enough to be in the same stock as you :)

PEB has held me ok. If it comes off some I may get some more.

On the other hand I don't want a more severe downdraft, as I've had quite enough for now, thank you very much!

:) hm



To: Boplicity who wrote (3122)7/27/2000 5:04:28 PM
From: y2kate  Read Replies (1) | Respond to of 13572
 
Greg,
I asked you if you thought we were in a bear market for technology a while back, and I've copied your reply on to the bottom of this message. I saw your reply to Marginmike the other day on the 'Buy Range' thread about the same subject, and you had changed your mind. What convinced you?I see you're not buying now, but are do you think this is a short-term or long-term bear market? Do you think we're going back to April lows?
Thanks,
Kate

To: y2kate who wrote (2787)
From: Gregory Mullineaux Jun 29, 2000 4:05 PM
Respond to Post # 2788 of 3123

We are in BULL market that has valuation problems, throw in the slowing economy, the valuation problem becomes more noticeable. I'm not having any trouble pick stocks that have bottom, or are breaking out. I am seeing stocks with failed break-outs, but speculation is still alive. You have to be nimble and fast to protect profits, and blow out mistakes. You have to remember that many stocks have bottom and moved higher a very short period of time. It's normal for people to want to take profit after they went through a drop of the magnitude we had from March to May.
Greg



To: Boplicity who wrote (3122)7/27/2000 11:13:19 PM
From: DlphcOracl  Read Replies (1) | Respond to of 13572
 
Gregory M.: If you thought today was painful, wait until you see what evolves in the NASDAQ over the next month. I wouldn't be surprised if the NASDAQ retraces all of its gains over the past two months and challenges the May low. I've raised maximum cash, leaving my LT holds and core stocks intact -- waiting to load up near end of August.

For those tempted to "gobble up bargains" on a day like this, wait until you see what these stocks are selling at in three weeks.

Disclosure: I am 75% long, 25% cash, no short positions.